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Elbit Systems Announces Conclusion of a Private Placement in Israel of Additional Series A Notes
HAIFA, Israel, May 8, 2012/PRNewswire-FirstCall/ --
Elbit Systems Ltd. (NASDAQ and TASE: ESLT) (the "Company"), announced today, further
to its announcement of May 3, 2012, (the "Previous Announcement"), that it has concluded
the private placement to Israeli institutional investors (the "Private Placement") of NIS
92,283,000 par value (approximately $24.3 million) additional Series A Notes (the
"Additional Series A Notes") in consideration for an aggregate sum of approximately NIS
94.7 million (approximately $24.9 million) under the terms specified in the Previous
Announcement.
The terms of the issued Additional Series A Notes are similar to the terms of the
Series A Notes which are currently traded on the Tel Aviv Stock Exchange Ltd. ("TASE").
The Additional Series A Notes form a single series together with the currently outstanding
Series A Notes.
The Additional Series A Notes have been approved for listing on the TASE. The sale
and/or transfer of the Additional Series A Notes are subject to the limitations on re-sale
of securities set forth in the Israeli Securities Law of 1968 and the regulations
promulgated thereunder applicable to private placements.
The Additional Series A Notes are not and will not be registered under the U.S.
Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold
in the United States or to U.S. Persons (as defined in Regulation "S" promulgated under
the Securities Act) without registration under the Securities Act or an exemption from the
registration requirements of the Securities Act.
This press release does not constitute an offer to sell or the solicitation of an
offer to buy any securities, including the Additional Series A Notes.
About Elbit Systems
Elbit Systems Ltd. is an international defense electronics company engaged in a wide
range of programs throughout the world. The Company, which includes Elbit Systems and its
subsidiaries, operates in the areas of aerospace, land and naval systems, command,
control, communications, computers, intelligence surveillance and reconnaissance
("C4ISR"), unmanned aircraft systems ("UAS"), advanced electro-optics, electro-optic space
systems, EW suites, airborne warning systems, ELINT systems, data links and military
communications systems and radios.-The Company also focuses on the upgrading of existing
military platforms, developing new technologies for defense, homeland security and
commercial aviation applications and providing a range of support services.
For additional information, visit: http://www.elbitsystems.com.
This press release contains forward-looking statements (within the meaning of Section
27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange
Act of 1934, as amended) regarding Elbit Systems Ltd. and/or its subsidiaries
(collectively the Company), to the extent such statements do not relate to historical or
current fact. Forward Looking Statements are based on management's expectations,
estimates, projections and assumptions. Forward-looking statements are made pursuant to
the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as
amended. These statements are not guarantees of future performance and involve certain
risks and uncertainties, which are difficult to predict. Therefore, actual future results,
performance and trends may differ materially from these forward-looking statements due to
a variety of factors, including, without limitation: scope and length of customer
contracts; governmental regulations and approvals; changes in governmental budgeting
priorities; general market, political and economic conditions in the countries in which
the Company operates or sells, including Israel and the United States among others;
differences in anticipated and actual program performance, including the ability to
perform under long-term fixed-price contracts; and the outcome of legal and/or regulatory
proceedings. The factors listed above are not all-inclusive, and further information is
contained in Elbit Systems Ltd.'s latest annual report on Form 20-F, which is on file with
the U.S. Securities and Exchange Commission. All forward-looking statements speak only as
of the date of this release. The Company does not undertake to update its forward-looking
statements.
Contacts:
Company Contact:
Joseph Gaspar, Executive VP & CFO
Tel: +972-4-8316663
j.gaspar@elbitsystems.com
Dalia Rosen, VP, Head of Corporate Communications
Tel: +972-4-8316784
dalia.rosen@elbitsystems.com
Elbit Systems Ltd.
IR Contact:
Ehud Helft
Kenny Green
CCG Investor Relations
Tel: +1-646-201-9246
elbitsystems@ccgisrael.com
Source: Elbit Systems Ltd
Elbit Systems Announces Conclusion of a Private Placement in Israel of Additional Series A Notes
HAIFA, Israel, May 8, 2012/PRNewswire-FirstCall/ --
Elbit Systems Ltd. (NASDAQ and TASE: ESLT) (the "Company"), announced today, further
to its announcement of May 3, 2012, (the "Previous Announcement"), that it has concluded
the private placement to Israeli institutional investors (the "Private Placement") of NIS
92,283,000 par value (approximately $24.3 million) additional Series A Notes (the
"Additional Series A Notes") in consideration for an aggregate sum of approximately NIS
94.7 million (approximately $24.9 million) under the terms specified in the Previous
Announcement.
The terms of the issued Additional Series A Notes are similar to the terms of the
Series A Notes which are currently traded on the Tel Aviv Stock Exchange Ltd. ("TASE").
The Additional Series A Notes form a single series together with the currently outstanding
Series A Notes.
The Additional Series A Notes have been approved for listing on the TASE. The sale
and/or transfer of the Additional Series A Notes are subject to the limitations on re-sale
of securities set forth in the Israeli Securities Law of 1968 and the regulations
promulgated thereunder applicable to private placements.
The Additional Series A Notes are not and will not be registered under the U.S.
Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold
in the United States or to U.S. Persons (as defined in Regulation "S" promulgated under
the Securities Act) without registration under the Securities Act or an exemption from the
registration requirements of the Securities Act.
This press release does not constitute an offer to sell or the solicitation of an
offer to buy any securities, including the Additional Series A Notes.
About Elbit Systems
Elbit Systems Ltd. is an international defense electronics company engaged in a wide
range of programs throughout the world. The Company, which includes Elbit Systems and its
subsidiaries, operates in the areas of aerospace, land and naval systems, command,
control, communications, computers, intelligence surveillance and reconnaissance
("C4ISR"), unmanned aircraft systems ("UAS"), advanced electro-optics, electro-optic space
systems, EW suites, airborne warning systems, ELINT systems, data links and military
communications systems and radios.-The Company also focuses on the upgrading of existing
military platforms, developing new technologies for defense, homeland security and
commercial aviation applications and providing a range of support services.
For additional information, visit: http://www.elbitsystems.com.
This press release contains forward-looking statements (within the meaning of Section
27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange
Act of 1934, as amended) regarding Elbit Systems Ltd. and/or its subsidiaries
(collectively the Company), to the extent such statements do not relate to historical or
current fact. Forward Looking Statements are based on management's expectations,
estimates, projections and assumptions. Forward-looking statements are made pursuant to
the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as
amended. These statements are not guarantees of future performance and involve certain
risks and uncertainties, which are difficult to predict. Therefore, actual future results,
performance and trends may differ materially from these forward-looking statements due to
a variety of factors, including, without limitation: scope and length of customer
contracts; governmental regulations and approvals; changes in governmental budgeting
priorities; general market, political and economic conditions in the countries in which
the Company operates or sells, including Israel and the United States among others;
differences in anticipated and actual program performance, including the ability to
perform under long-term fixed-price contracts; and the outcome of legal and/or regulatory
proceedings. The factors listed above are not all-inclusive, and further information is
contained in Elbit Systems Ltd.'s latest annual report on Form 20-F, which is on file with
the U.S. Securities and Exchange Commission. All forward-looking statements speak only as
of the date of this release. The Company does not undertake to update its forward-looking
statements.
Contacts:
Company Contact:
Joseph Gaspar, Executive VP & CFO
Tel: +972-4-8316663
j.gaspar@elbitsystems.com
Dalia Rosen, VP, Head of Corporate Communications
Tel: +972-4-8316784
dalia.rosen@elbitsystems.com
Elbit Systems Ltd.
IR Contact:
Ehud Helft
Kenny Green
CCG Investor Relations
Tel: +1-646-201-9246
elbitsystems@ccgisrael.com
Source: Elbit Systems Ltd